Kohl’s Corp. (KSS) Sees Large Volume Increase

Kohl’s Corp. (NYSE:KSS) shares saw unusually-strong trading volume on Wednesday . Approximately 4,399,638 shares traded hands during trading, an increase of 25% from the previous session’s volume of 3,525,916 shares.The stock last traded at $37.16 and had previously closed at $36.74.

A number of equities analysts have weighed in on KSS shares. Robert W. Baird restated an “outperform” rating on shares of Kohl’s Corp. in a research report on Tuesday, June 28th. Stifel Nicolaus restated a “buy” rating and set a $54.00 price objective on shares of Kohl’s Corp. in a research report on Tuesday, April 19th. Credit Suisse Group AG restated a “hold” rating and set a $42.00 price objective on shares of Kohl’s Corp. in a research report on Friday, April 1st. Piper Jaffray Cos. restated an “overweight” rating and set a $66.00 price objective on shares of Kohl’s Corp. in a research report on Friday, May 20th. Finally, Miller Tabak started coverage on shares of Kohl’s Corp. in a research report on Thursday, March 31st. They set a “buy” rating and a $61.00 price objective for the company. Four analysts have rated the stock with a sell rating, ten have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Kohl’s Corp. has an average rating of “Hold” and a consensus target price of $48.40.

The company’s 50-day moving average is $36.45 and its 200-day moving average is $43.41. The firm has a market capitalization of $6.94 billion and a price-to-earnings ratio of 12.75.

Kohl’s Corp. (NYSE:KSS) last released its quarterly earnings results on Thursday, May 12th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by $0.06. The firm earned $3.97 billion during the quarter, compared to the consensus estimate of $4.13 billion. During the same period last year, the firm posted $0.63 earnings per share. The business’s quarterly revenue was down 3.7% on a year-over-year basis. On average, equities research analysts expect that Kohl’s Corp. will post $3.84 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 22nd. Investors of record on Wednesday, June 8th were paid a dividend of $0.50 per share. The ex-dividend date was Monday, June 6th. This represents a $2.00 annualized dividend and a yield of 5.30%.

A number of hedge funds and institutional investors have recently made changes to their positions in KSS. CIBC Asset Management Inc boosted its position in shares of Kohl’s Corp. by 0.3% in the fourth quarter. CIBC Asset Management Inc now owns 22,843 shares of the company’s stock valued at $1,088,000 after buying an additional 69 shares in the last quarter. Sei Investments Co. boosted its position in shares of Kohl’s Corp. by 326.3% in the fourth quarter. Sei Investments Co. now owns 196,056 shares of the company’s stock valued at $9,339,000 after buying an additional 150,063 shares in the last quarter. Engineers Gate Manager LP boosted its position in shares of Kohl’s Corp. by 611.2% in the fourth quarter. Engineers Gate Manager LP now owns 131,742 shares of the company’s stock valued at $6,275,000 after buying an additional 113,217 shares in the last quarter. ProShare Advisors LLC boosted its position in shares of Kohl’s Corp. by 1.6% in the fourth quarter. ProShare Advisors LLC now owns 51,679 shares of the company’s stock valued at $2,461,000 after buying an additional 799 shares in the last quarter. Finally, Comerica Bank boosted its position in shares of Kohl’s Corp. by 4.6% in the fourth quarter. Comerica Bank now owns 234,284 shares of the company’s stock valued at $11,218,000 after buying an additional 10,271 shares in the last quarter.

Kohl’s Corporation (Kohl’s) is a specialty department store. As of January 31, 2015, the Company operated 1,162 department stores in 49 states and an e-Commerce Website (www.Kohls.com). The Company sells private label, and national brand apparel, footwear, accessories, beauty and home products. The Company’s stores carry a merchandise assortment with differences attributable to regional preferences.